Depends on the location but living without a job is not really feasible without government assistance of some sort which is usually tied to stress and extra work proving you need the money. For example in many US states you have to prove that you are constantly looking for a new job and are willing to accept any kind of job offered in order to receive unemployment assistance. This is a far cry from being relaxed enough to work on projects in peace.
Have you heard of the 4% rule? That basically means if you save up X amount, you can spend 4% of X every year, in perpetuity, given some reasonable return like 7%. So if you can live on $80k/year, save and invest $2 million.
It generally leads to being fired for not completing milestones, which leads to not having income to support yourself.
How much monthly income would a person need to support themselves and work on what they want to work on?
Depends on the location but living without a job is not really feasible without government assistance of some sort which is usually tied to stress and extra work proving you need the money. For example in many US states you have to prove that you are constantly looking for a new job and are willing to accept any kind of job offered in order to receive unemployment assistance. This is a far cry from being relaxed enough to work on projects in peace.
Have you heard of the 4% rule? That basically means if you save up X amount, you can spend 4% of X every year, in perpetuity, given some reasonable return like 7%. So if you can live on $80k/year, save and invest $2 million.
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